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Label:
City code section
- As used in this Chapter:
- A. Administrative rules means the tax exemption program administrative rules which set forth the program requirements, processes, and procedures, and are filed as Portland Policy Documents.
- B. Applicant means the individual or entity who is either the owner or a representative of the owner who is submitting an application for the tax exemption program.
- C. Building means a structure of multiple-unit housing that qualifies to receive the MULTE.
- D. Compliance period means:
- 1. Rental buildings: the 99-year time period during which the regulatory agreement applies to the building receiving the MULTE. The compliance period begins at the date that Portland Permitting & Development issues the final certificate of occupancy for the building.
- 2. For-sale buildings: The 99-year time period during which the regulatory agreement applies to each unit with income restrictions. The compliance period begins upon the initial qualified sale from the owner to a homebuyer.
- E. Inclusionary housing program means the inclusionary housing requirements established in Portland City Code Section 30.01.120, Code Chapter 33.245, and the related administrative rules.
- F. Regulatory agreement means a low-income housing assistance contract recorded between the owner and the Portland Housing Bureau stating the approval and compliance criteria of the MULTE program.
- G. Multiple-unit housing has the meaning set forth in ORS 307.603(5).
- H. Neighborhood analysis areas means individual and or multiple census tracts within a neighborhood, as identified in administrative rule by the City Administrator.
- I. Owner means the individual or entity holding title to the building and is legally bound to the terms and conditions of an approved MULTE, including but not limited to any regulatory agreement and any compliance requirements under this Chapter.